Teller Report

G7 countries threatened sanctions against countries and companies for supporting Russia

2/24/2024, 7:22:15 PM

Highlights: G7 countries threatened sanctions against countries and companies for supporting Russia. G7 leaders also called for refraining from supporting the Russian military-industrial complex and condemned the actions of the DPRK and Iran. In addition, following the results of the online summit, it was decided to continue tightening the price ceiling for Russian oil and make efforts to limit Moscow’s income from the sale of energy resources. The G7 countries in a joint communiqué threatened countries and firms supporting Russia in the Ukrainian conflict with restrictive measures.

Following the summit, the G7 countries in a joint communiqué threatened countries and companies supporting Russia in the Ukrainian conflict with restrictive measures.


“We will continue to take action against entities from third countries that materially support the war waged by Russia, and introduce additional measures against legal entities in third countries if necessary,” the document says.

The G7 leaders also called for refraining from supporting the Russian military-industrial complex and condemned the actions of the DPRK and Iran, as they believe that these countries supply Russia with weapons.

In addition, following the results of the online summit, it was decided to continue tightening the price ceiling for Russian oil and make efforts to limit Moscow’s income from the sale of energy resources.